Ashton Thomas Securities LLC Increases Position in Broadcom Inc. $AVGO

Key Points

• Ashton Thomas Securities LLC increased its holdings in Broadcom Inc. by 10.3%, now owning 10,023 shares valued at $1.67 million.
• Several brokerage firms have raised their price targets for Broadcom, with KeyCorp setting a new target of $330.00, reflecting a positive outlook.
• In recent insider transactions, Director Henry Samueli sold 473,898 shares of Broadcom stock, valued at over $125 million, decreasing his ownership by 1.23%.

Ashton Thomas Securities LLC lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,023 shares of the semiconductor manufacturer's stock after acquiring an additional 932 shares during the quarter. Ashton Thomas Securities LLC's holdings in Broadcom were worth $1,670,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC bought a new stake in Broadcom in the first quarter valued at about $25,000. Inlight Wealth Management LLC bought a new stake in Broadcom in the first quarter valued at about $26,000. Sunbeam Capital Management LLC bought a new stake in Broadcom in the fourth quarter valued at about $28,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Broadcom in the fourth quarter valued at about $30,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AVGO. KeyCorp boosted their price objective on Broadcom from $315.00 to $330.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Rosenblatt Securities boosted their price objective on Broadcom from $223.00 to $340.00 and gave the company a "buy" rating in a report on Friday, June 6th. Evercore ISI reaffirmed an "outperform" rating and set a $304.00 target price (up from $267.00) on shares of Broadcom in a report on Friday, June 6th. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. upped their target price on Broadcom from $250.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $301.79.

Insider Transactions at Broadcom

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the sale, the director owned 33,352 shares of the company's stock, valued at $8,842,615.76. This trade represents a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock valued at $217,286,457 over the last three months. 2.00% of the stock is owned by company insiders.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $297.39 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The stock has a 50 day simple moving average of $287.74 and a 200-day simple moving average of $234.66. The company has a market cap of $1.40 trillion, a PE ratio of 111.38, a P/E/G ratio of 2.11 and a beta of 1.16. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.01. The business had revenue of $15 billion during the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The business's revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm posted $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom's dividend payout ratio is 88.39%.

About Broadcom

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.

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